33881 Sterling Hwy
Sterling, AK 99672
Commercial Kenai River Property · Hospitality Property For Sale · 18,500 SF

Introduction A large tract of commercial real estate featuring 900 feet of private river front and over 1,600 feet of highway frontage. This is the finest piece of property along the river on the famously known Kenai Peninsula. 24 +/- acres zoned rural unrestricted 18,500 square feet under roof Real estate can be developed further for commercial and residential uses 1,600+ feet Highway frontage cornered by the secondary arterial street 900+ feet river frontage for featured boat and float plane access 27 executive style rooms with private baths Employee Housing on property for up to 35 Commercial Kitchen and Dining Hall Facilities and Lay of the Land The main entrance to the expansive facilities is directly off the only highway between Homer and Anchorage, Alaska with a traffic count of nearly 10,000 cars a day in July. A convenient looped and well graveled road invites you to the nicely appointed lodge, dining, and check in area. The high bluff overlooking the rivers confluence has been thoughtfully built-out with executive suite style guest rooms and cabins that can accommodate single travelers to family friendly. Each room opens to incredible views of water with mountains in the distance. Extensive decks, boardwalks, and trails summon guests to nooks of outdoor gathering places and comfortable accommodations. The commercial kitchen and large dining room nestled above one of the Kenai Rivers most impressive oxbows is perfect for social hours and guest dining. It doesn't take much imagination to see how a new owner could repurpose the improvements for a variety of profitable business ventures such as a full service hotel, conference center, and restaurant. As one travels by the interior road or the wooded trails down the bluff to the beach they are greeted by a nicely designed office used to cater to tour buses, float planes, and boat traffic. Millennia has crafted this very unique section of river to be a truly rare recreational amenity to the property. It is here that guests can enjoy peace around a amenity, the convenience of a proper fish cleaning station, embark on an adventure via floatplane or boat, or enjoy a nice paddle board on the sheltered waters of Moose River. It is also at this lower elevation that one will find three additional fourplex style hotel buildings bringing the total guest rooms to 27. To finish off this well conceived venue are staff accommodations for up to 35, an invaluable asset given the seasonal housing shortage in the area. Homesteaded in 1947 The father of one of the property's co-owner Kathy Haley homesteaded the property 1947. After returning from WW2, Walt Pederson began a career as a pilot, bringing folks down from Anchorage to survey land for homesteading on the Kenai Peninsula. As a pilot, he had an eye on this incredible property at the confluence of the Moose and Kenai, where the calm moose river forms the perfect landing spot for his beloved Super Cub float plane, which he put on skis during the winter. It was the end of 1947 that he moved onto the homestead and operated air taxi, taking off of the Moose River. Folks traveled from as far aways as Germany, and Walt would fly them down from Anchorage (there was not a road remember!) and house them in the old "shelter cabin", an old log cabin which was used for the dog mushers on the overnight mail run between Seward and Kenai. Potential Formerly Great Alaska Adventures, the river frontage has been developed with over 18,500 square feet under the roof. This investment grade property is ideal for additional real estate growth on its huge tract of undeveloped land. The Kenai Borough Planning Department zoning is very basic with properties outside the city limits being zoned Rural Unrestricted. The Borough Planner has confirmed with the Seller that the entire 24 acres of real estate can be developed further for uses such as residential housing, retail, or other. A business plan could capitalize on large its large growth potential by using the existing hotel, restaurant, and waterfront as the service and recreation anchor amenities. The footprint of the adventure lodge is on only a portion of the western side of the property leaving a large chunk of real estate to the east available for planned development. The topography is ideal with the vast majority of the property being on the relatively flat high bluff. Potential buyers should know that the facilities at this time are designed for seasonal use and are winterized each year. So if a new owner would want to operate year around, then some relatively minor modifications would need to be done to plumbing. A new owner also has the opportunity to step into the shoes of the owner/operator of the Adventure Lodge, Kent John. This can be done through a separate purchase of the business goodwill, client list, recreation equipment, coupled with a personal service agreement with Kent John himself to ease the transition.